Mike Nelson
First Short sell...please help
I've found a buyer with a 4 2unit Multi Family in a GREAT AREA!! The guy filed bankrupcy last year and has since had a stroke, he's unable to take care of this property. I found him from mailing a post card and he's t...
Sarah Lorenz
Features to include if building a home to also use as an STR?
I am thinking about building a house for our next primary residence, but I would also like to use it occasionally as an STR. I’m thinking about features to include for this purpose. So far, I’m thinking about extra cl...
Jeff Mills
What numbers/conditions would it take for you to buy in a ghetto?
I'm looking at a small apartment complex where based on my numbers the cap rate could be around 25% and the COC over 70%. Rents are around $450. It's also mostly renovated, just needs 10k - 12k left according to the s...
Michael A Rytina
LLC BEFORE or AFTER my First Deal?
Hello-I currently reside in Maryland, and my first rehab project is in PACurious which state I should form my LLC, and if I even need to at first?Should I just file as a Sole Proprietor until I get a few deals under m...
Alex Grier
How Are Small Multi-Family Properties Appraised?
Guy's I'm looking to get some more information on how 1-4 unit multi-family properties are appraised. The primary reason I'm asking is because for my buy and hold strategy I'd like use hard money loans to buy distress...
Konrad Lightner
We have cash, Now what!?
Hi Everyone!The company my wife works for vested some stocks that she received and we have a chunk of change now that we want to invest. My question is how would you all take advantage of this opportunity and what wo...
Alexander Moses
Renatus
Hey! So I have a a question about these signs I'm starting to see on the side of the roads at stop lights. I live in Oklahoma City and go to Dallas once a month and have seen them there as well. The sign says "make 2,...
Wendy Black
Asked to give hard money loan
What advice can you give to rental property owners who may give a small hard money loan ($25k?) to a fix & flipper? It would be our first.We met him at an REI. He's got excellent reviews online. He's done a num...
Mike Schorah
Do people only use seller financing when it’s a buyer’s market?
I’d like to approach landlords to see if they want to sell me their property in exchange for a $10000 down payment, $5000 of which is used for closing costs, and $5000 of which is paid for with seller credits. This wo...
Jessica Flint
calculating vacation rentals
I'm thinking of trying my hand at vacation rentals but I don't know how to even begin calculating for cash flow, ROI, etc. How to know if the home will be a good deal. I've done it many times for SFH and MFH but nev...